Accounting Blog for Business

Whether you are a seasoned auditor or just starting in the profession, learning new skills is important to anyone who wants to take their career up the ladder. However, the evolving industry requires more than just the traditional skills expected from internal auditors. Soft skills are now becoming more relevant to the work of auditors.

Audit is a crucial part in the attempt of any organization to improve its processes, eliminate risks, get rid of unnecessary costs, and optimize products and/or service lines. However, conducting an internal audit is not as easy as it seems. Audit professionals must have sufficient understanding of the organization’s structure, the goals that they want to achieve, and the different processes that form part of the organization’s day-to-day processes .

Thinking of transitioning to a career as an independent external auditor? Or are you a seasoned auditor who wants to upgrade your skills? Regardless of the stage you are in your career at the moment, you’ll find something useful in this article. This week, we cover the things that you need to know before you make the leap into a career as an external auditor.

Technology never fails to change the way we do things. It has transformed how we think, how we interact, and how we do business. No one can deny that technology has made a remarkable impact in the finance and accounting industry. Accounting and finance professionals can now perform tasks faster and with greater precision. With these developments in the industry, auditors have also utilized the latest technological advancements to improve their service offerings. 

In today’s globalised economy, events that happen in Asia can have serious repercussions to businesses in Europe. So-called ‘black swan’ events, which may be economic, political, technological, or environmental in nature, may disrupt businesses and adversely impact organisations, if not managed properly. As such, enterprise or business risk management has never been more important.

The audit seasons are the most frantic time for audit professionals. The sheer number of work can cast doubt even among seasoned audit solutions professionals. Almost every auditor risks losing their regular and comfortable schedules as they work with one or more audit clients. Rushing deadlines, late nights in the office, and the seemingly never-ending working hours, even on weekends can throw everyone off-balance.